Air China announced that on July 17, the company signed an aircraft purchase agreement with its wholly-owned subsidiary Air China Import and Export Corporation, and Shenzhen Airlines, a holding subsidiary, and Airbus. The company purchased 15 Airbus A350-900 aircraft and Shenzhen Airlines purchased 40 A320NEO series aircraft, totaling about US$12.44 billion according to the catalogue price. The actual consideration was lower than that price. The aircraft will be delivered in batches in 2029-2032. The transaction is still subject to review and approval by the company's shareholders' meeting and approval from relevant national departments. It is not expected to have a significant impact on cash flow and operations, and will increase capacity by about 11.4%.

Zhitongcaijing · 1d ago
Air China announced that on July 17, the company signed an aircraft purchase agreement with its wholly-owned subsidiary Air China Import and Export Corporation, and Shenzhen Airlines, a holding subsidiary, and Airbus. The company purchased 15 Airbus A350-900 aircraft and Shenzhen Airlines purchased 40 A320NEO series aircraft, totaling about US$12.44 billion according to the catalogue price. The actual consideration was lower than that price. The aircraft will be delivered in batches in 2029-2032. The transaction is still subject to review and approval by the company's shareholders' meeting and approval from relevant national departments. It is not expected to have a significant impact on cash flow and operations, and will increase capacity by about 11.4%.